In mid-2024, a beautiful riverside Holiday Park faced an insurance crisis.

Despite its idyllic location and loyal customer base, the park's future hung in the balance due to one critical issue:

It was looking at the possibility of being unable to secure an insurance renewal.

The Challenge

Following an extremely difficult 3-year period for Australian Insurance companies extensive Broker searches found Australian insurance companies had little or no appetite to take on what was considered a high-risk industry.

Searches internationally found a company prepared to consider the park for insurance but only after several conditions were met prior to them fully considering the insurance possibility.

Enter BizPort Services

BizPort Services was called upon to conduct a comprehensive Risk Mitigation Review.

Our mission was to create a report identifying the risks along with a plan showing how the risk exposures that were making the park’s insurance extremely difficult to have in place could be reduced.

The Solution

Insurance was granted and over the following months, BizPort Services implemented and further developed a tailored and site-specific risk mitigation plan.

Working closely with park owners and managers, their approach to risk management has been transformed.

The Turning Point

BizPort Services met with the Insurance company’s Australian representatives, showcasing the significant risk mitigation achievements and outlining the ongoing program.

The results spoke for themselves.

The Outcome

The insurance company has not only agreed to provide continued coverage but also:

·         Reduced the previous year's premium by tens of thousands of dollars

·         Commended the park owners and managers for their proactive approach

·         Praised and encouraged the partnership with BizPort Services